1/ Previously drawn Resistance line R2 worked as today's High on the dot ,
2/ and today Close price is hugging 50d MA on the dot. It is amazing to see how the LEVEL attract the price action .
3/ R3 drawn at 58.25
4/ earlier PIVOIT line (blue) is 'new Support S1 line'
5/ Fib retracement lines are dawn from Today' High , we will see price action retrace to Fib 23% in one week time .
6/ notice 'Resistance R1' line is -------> new Fib retracement level 38%
2/ and today Close price is hugging 50d MA on the dot. It is amazing to see how the LEVEL attract the price action .
3/ R3 drawn at 58.25
4/ earlier PIVOIT line (blue) is 'new Support S1 line'
5/ Fib retracement lines are dawn from Today' High , we will see price action retrace to Fib 23% in one week time .
6/ notice 'Resistance R1' line is -------> new Fib retracement level 38%